Expodian: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Expodian
Largest movements
- Cash +€34,384
up €34,384 (+94.9%), from €36,245 to €70,629
mainly Net result for the year (+€68,533) and Depreciation (+€13,914)
- Tangible fixed assets -€11,477
down €11,477 (-6.6%), from €174,629 to €163,152
of which Land and buildings: -€6,188
- Receivables within one year +€6,357
up €6,357 (+38.6%), from €16,456 to €22,813
of which Trade receivables: +€6,303
- Profit (loss) carried forward +€67,033
up €67,033 (+38.9%), from €172,508 to €239,541
- Other debts -€17,117
down €17,117 (-98.5%), from €17,384 to €268
- Debts after one year -€11,035
down €11,035 (-8.9%), from €123,891 to €112,856
- Tax, wage and social debts -€9,082
down €9,082 (-37.4%), from €24,269 to €15,187
- Gross operating margin +€8,159
up €8,159 (+7.6%), from €107,742 to €115,901
- Taxes +€3,442
up €3,442 (+13.8%), from €24,899 to €28,341
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,286 | €381,109 | +€28,823 | +8.2% |
| Fixed assets | 21/28 | €175,089 | €163,612 | -€11,477 | -6.6% |
| Tangible fixed assets | 22/27 | €174,629 | €163,152 | -€11,477 | -6.6% |
| Land and buildings | 22 | €138,602 | €132,415 | -€6,188 | -4.5% |
| Furniture and vehicles | 24 | €7,388 | €4,116 | -€3,271 | -44.3% |
| Other tangible fixed assets | 26 | €28,640 | €26,622 | -€2,018 | -7.0% |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €177,197 | €217,497 | +€40,300 | +22.7% |
| Amounts receivable within one year | 40/41 | €16,456 | €22,813 | +€6,357 | +38.6% |
| Trade receivables | 40 | €16,456 | €22,759 | +€6,303 | +38.3% |
| Other amounts receivable | 41 | - | €55 | +€55 | |
| Current investments | 50/53 | €124,055 | €124,055 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,245 | €70,629 | +€34,384 | +94.9% |
| Deferred charges and accrued income | 490/1 | €441 | - | -€441 | |
| Total equity and liabilities | 10/49 | €352,286 | €381,109 | +€28,823 | +8.2% |
| Equity | 10/15 | €174,148 | €241,181 | +€67,033 | +38.5% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,508 | €239,541 | +€67,033 | +38.9% |
| Amounts payable | 17/49 | €178,138 | €139,928 | -€38,210 | -21.4% |
| Amounts payable after more than one year | 17 | €123,891 | €112,856 | -€11,035 | -8.9% |
| Financial debts | 170/4 | €123,891 | €112,856 | -€11,035 | -8.9% |
| Amounts payable within one year | 42/48 | €54,247 | €27,048 | -€27,199 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €11,070 | €11,359 | +€289 | +2.6% |
| Trade debts | 44 | €1,523 | €235 | -€1,288 | -84.6% |
| Suppliers | 440/4 | €1,523 | €235 | -€1,288 | -84.6% |
| Taxes, remuneration and social security | 45 | €24,269 | €15,187 | -€9,082 | -37.4% |
| Taxes | 450/3 | €24,269 | €15,187 | -€9,082 | -37.4% |
| Other amounts payable | 47/48 | €17,384 | €268 | -€17,117 | -98.5% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,227 | €13,914 | +€687 | +5.2% |
| Other operating charges | 640/8 | €2,777 | €3,033 | +€256 | +9.2% |
| Gross operating margin | 9900 | €107,742 | €115,901 | +€8,159 | +7.6% |
| Operating profit (loss) | 9901 | €91,738 | €98,954 | +€7,216 | +7.9% |
| Financial income | 75/76B | €285 | - | -€285 | |
| Recurring financial income | 75 | €285 | - | -€285 | |
| Financial charges | 65/66B | €2,369 | €2,079 | -€290 | -12.2% |
| Recurring financial charges | 65 | €2,369 | €2,079 | -€290 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €89,654 | €96,875 | +€7,221 | +8.1% |
| Income taxes | 67/77 | €24,899 | €28,341 | +€3,442 | +13.8% |
| Profit (loss) for the period | 9904 | €64,755 | €68,533 | +€3,779 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,755 | €68,533 | +€3,779 | +5.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.